Northwestern University Bulletin The School of Commerce 1919-1920 DAY AND EVENING CLASSES EVANSTON AND CHICAGO -eimtfARYOFTHt JUN9-1837 VOLUME XX, NUMBER 2 JULY 12, 1919 Published Weekly by Northwestern University Northwestern University Building, Chicago Northwestern University Evanston and Chicago The School of Commerce 1919-1920 THE LIBRARY OF THE JUN 9-1937 UNIVERSITY OF IlLINCIS Published by the University Digitized by the Internet Archive in 2013 http://archive.org/dQtails/announcements191920nort Contents Calendars 4 The Faculty 6 Special Lecturers 7 General Statement 8 The Degree Courses Admission 10 Requirements for Degrees 11 The Schedule of Courses 14 Registration 17 General Information 18 The Diploma, Evening and Special Courses Admission 25 Requirements for Diploma 27 The Schedule of Courses 27 Registration 30 General Information 31 Description of Courses 34 Calendar for Evanston Classes 1919 Sept. 22 Mon. Academic year 19 19-1920 begins Examinations for admission First day of registration Second examinations; last day of registration Class work begins Last day for registration of candidates for advanced degrees Thanksgiving recess, to November 30, inclusive Last day for filing titles of theses for advanced degrees Christmas recess to January 5, Monday, inclusive Class w^ork resumed Mid-year examinations begin Second examinations. Last day of registration for the second semester Class work resumed for the second semester Easter recess, to April 6, Tuesday, inclusive Last day for filing theses for advanced degrees Oral examinations of candidates for advanced degrees Regular examinations begin SIXTY-SECOND ANNUAL COMMENCEMENT Sept. 22 Mon. Sept. 22 Mon. Sept. 24 Wed. Sept. 25 Th. Oct. 7 Tu. Nov. 27 Th. Dec. 3 Wed. Dec. 20 Sat. 1920 Jan. 6 Tu. Jan. 26 Mon. Feb. 4 Wed. Feb. 5 Th. Apr. I Th. May 15 Sat. May 22 Sat. May 31 Mon. June 16 Wed. Calendar for Chicago Classes 1919 Sept. 15-20 Registration week Sept. 18,20 Th. and Sat. Examinations for admission Sept. 19 Fri. Opening reception Sept. 24 Wed. First semester evening class work begins Nov. 26 Wed. Thanksgiving recess to Nov. 30, Sunday, inclusive Dec. 22 Mon. Christmas recess, to Jan. 4, Sunday, inclusive 1920 Jan. 5 Mon. Class work resumed Jan. 19 Mon. First semester examinations begin Jan. 31 Sat. First semester closes Feb. 2 Mon. Public lecture week begins Feb. 6, 7 Fri. and Sat. Examinations for admission Feb. 9 Mon. Second semester begins May 17 Mon. Second semester examinations begin May 28 Fri. Last day of instruction June 16 Wed. sixty-second annual commencement Administrative Officers Thomas Franklin Holgate, Ph.D., LL.D., President of the Univer- sity ad interim. Ralph Emerson Heilman, Ph.D., Dean. Neva Olive Lesley, Secretary. The Faculty Walter Dill Scott, Ph.D., Professor of Psychology. Earl Dean Howard, Ph.D., Professor of Economics. Frederick Shipp Deibler, Ph.D., Professor of Economics. Alfred William Bays, B.S., LL.B., Professor of Business Lavt^. Arthur Edw^ard Andersen, B.B.A., C.P.A., Professor of Accounting. Ralph Emerson Heilman, Ph.D., Professor of Economics. Horace Secrist, Ph.D., Professor of Economics and Statistics. Walter Kay Smart, Ph.D., Lecturer in Business English. Walter Edward Lagerquist, Ph.D., Associate Professor of Economics and Commerce. Homer Bews Vanderblue, Ph.D., Associate Professor of Transpor- tation. David Himmelblau, B.A., B.B.A., C.P.A., Associate Professor of Accounting. Henry Post Dutton, B.E.E., Assistant Professor of Factory Manage- ment. Holmes Beckwith, Ph.D., Assistant Professor of Banking. Eric Louis Kohler, M.A., C.P.A., Assistant Professor of Accounting. Guy Meredith Pelton, B.A., Assistant Professor of Accounting. James Harris Bliss, Jr., C.P.A., Lecturer in Accounting. Ronald Salmon Crane, Ph.D., Lecturer in Business English. George Walker Doonan, LL.B., Lecturer in Foreign Trade. Joseph Henry Gilby, C.P.A., Lecturer in Accounting. William Herman Haas, M.A., Lecturer in Resources and Trade. Roy Hall, B.A., Lecturer in Accounting. Arthur Quentin Larson, B.A., Lecturer in Accounting. Leverett Samuel Lyon, A.M., LL.B., Lecturer in Marketing and Distribution. Charles Augustus Myers, Ph.D., Lecturer in Business English. Alexander W. T. Ogilvie, Lecturer in Office Management. James Hamilton Picken, M.A., Lecturer in Business Psychology and Advertising. John Charles Teevan, LL.B., Lecturer in Business Law. John Victor Tinen, B.S., Lecturer in Accounting. Reginald de Koven Warner, M.A., Lecturer in Commercial Spanish. Louis Winfield Webb, Ph.D., Lecturer in Business Psychology. Merle Leslie Wright, B.A., Lecturer in Public Speaking. SPECIAL LECTURERS Robert L. Ardrey, President, American Foreign Trade League. Francis X. Busch, Attorney at Law. Gilbert L. Campbell, Federal Board of Vocational Education. Mark W. Cresap, Secretary and Treasurer, Hart, Schaffner & Marx. Ralph B. Dennis, formerly American Vice-Consul in Russia. H. W. Dickerson, National Lead Company. S. John Duncan-Clark, Chicago Evening Post. Myrle C. Evans, Employment Manager, International Harvester Company. Edward P. Farwell, Local Manager, Babson Statistical Organization. Montague Ferry, Armstrong Bureau of Related Industries. William S. Ford, Arthur Young & Company. C. A. Hanson, The Dictaphone Company. Arthur L. Hill, Bureau of Foreign and Domestic Commerce. James L. Jacobs, J. L. Jacobs & Company. Paul C. Johnson, Arthur Andersen & Company. Albert C. MacMahon, National Cash Register Company. Robert J. Magill, Sales Department, J. W. Butler Paper Company. Charles F. McConnell, Sears, Roebuck & Company. Lynn W. Meekins, Bureau of Foreign and Domestic Commerce. Herbert Pope, Butler, Lamb, Foster & Pope. Fred M. Simons, Jr., Arthur Andersen & Company. Frank E. Weakly, Montgomery Ward & Company. Louis D. H. Weld, Swift & Company. George Woodruff, First National Bank, Joliet, Illinois. Arthur H. Young, President, Chicago Council, The National Associ- ation of Employment Managers. General Statement Northwestern University School of Commerce offers a compre- hensive professional course of training in business. The purpose of the School is to train the student for business on the basis of a broad outlook on life, to give him thorough knowledge of the prin- ciples that underlie business action, and to acquaint him with efficient business practice. The instruction has been planned to give him an understanding of the public relations of business and a broad survey of business facts and experience, to develop the power of accurate analysis, and to prepare the student for leadership as a business executive. The School of Commerce was established in June, 1908, with 255 students. Its enrollment has increased rapidly, until today its total registration in all courses substantially exceeds one thousand students. The School is well equipped to offer training in business. Its location in a great urban center enables members of the faculty to maintain a close contact with the operation of modern business, and with business practice. It also permits of numerous inspection trips to important industrial, manufacturing and merchandising establish- ments by the students. It further makes it possible to utilize suc- cessful business men as instructors in certain specialized courses, and as general lecturers in various fields. The policy of the School is to identify itself closely with the busi- ness life of the community, in the belief that in this way it will be able to render a larger service both to its students and to the business world. The School offers instruction on two plans. One plan is for day students, leading to the degrees of Bachelor of Arts, Bachelor of Science and Bachelor in Business Administration. The other is for late afternoon and evening students, leading to the Diploma in Com- merce. The major portion of the work in the degree courses is given in Harris Hall, on the University Campus in Evanston, while all that offered in the diploma courses is given in the Northwestern Univer- sity Building in Chicago. The Degree Courses The Degree Courses Admission REQUIREMENTS FOR ADMISSION Applicants for admission to the day work of the School of Com- merce, leading to a degree, must present credit of acceptable grade for two years of work in a college, professional or scientific school of approved standing. Persons are not admitted to the course in Busi- ness unless their college record gives evidence of capacity to undertake serious professional study. Students now registered in the College of Liberal Arts of North- western University may transfer their registration to the School of Commerce upon the completion of their second year in the College of Liberal Arts, provided they have completed the Pre-Commerce program, or its equivalent; or they may transfer their registration at the completion of their third year in the College of Liberal Arts. For persons who desire to prepare for admission to the School of Commerce, a two-year Pre-Commerce course has been arranged in the College of Liberal Arts. This course is described on page 12. Students preparing in other colleges or universities for admission to the School of Commerce of Northwestern University are urged to follow this Pre-Commerce program as nearly as possible. THE OBJECT IN REQUIRING TWO YEARS OF COLLEGE STUDY IN PREPARATION FOR ENTRANCE TO THE DEGREE COURSES The business career is rapidly acquiring a recognized professional standing. Every young business man should have a training which not only will enable him to maintain his place in the profession but also will serve to make him a leader in raising the standards of business efficiency. In order to do this, he must be able to look be- yond the routine duties of his work and to grasp the broader principles upon which business success is founded. Business today demands particularly men who are educated, and not men who are merely drilled in specific processes. It is infinitely complex and specialized, and requires a power of analysis which nothing can give so well as a comprehensive scientific training. With this complexity there exist, in a great modern business, far-reaching public relations demanding a liberal culture and the finest qualities of mind and spirit. In requiring two years of college work as a prerequisite for ad- 10 THE SCHOOL OF COMMERCE U mission to the degree courses, and in combining with the strictly professional subjects in that course many others of a liberalizing purpose, the School of Commerce becomes articulated as an integral part of the scheme of American higher education. The student who contemplates taking up a degree course in Business should pursue the two years of preparatory college work with the same earnest profes- sional spirit which will be required of him in the years of the Business course which follow, remembering that, without the training of mind and spirit, he will not be able in any adequate way to solve the prob- lems of his later course and of the active years which follow. Requirements for Degrees BACHELOR OF ARTS AXD BACHELOR OF SCIENCE Students who register in the School of Commerce, upon the completion of two years of college work, may receive the degree of Bachelor of Arts or Bachelor of Science on the completion of their second year in the School of Commerce, provided they have met the college requirements for one of these degrees, including the requirements for a major and a minor.* A student who has completed three full years in the College of Liberal Arts of Northwestern University, including the specific requirements for the Bachelor of Arts or the Bachelor of Science degree, and a major and minor, or three minors, tw^o of which must be correlated, may, on the completion of one year's work in the School of Commerce, obtain the degree of B.A. or B.S. BACHELOR IN BUSINESS ADMINISTRATION Students who register in the School of Commerce following tw^o years of college may receive the degree Bachelor in Business Ad- ministration upon the completion of three years' work. Students who register in the School of Commerce following three years of college may secure the B.B.A. degree upon the completion of two years' work, provided they have had a sufficient amount of work in Economics or Commerce. Thus students who register in the School of Commerce and take the B.A. or B.S. degree may normally qualify for the B.B.A. degree by the completion of one year's additional work in the School of Commerce. Students who have received a Bachelor's degree in Liberal Arts, either from Northwestern University or from a college or university *A Commerce student will normally complete a major in economics and a related minor, in following thje prescribed Commerce courses, and will thus meet this requirement. 12 N () R T H W E S T E R N U N I V E R S I T Y of approved standing, but who have not the equivalent of a major in economics or commerce, will ordinarily be required to spend two years of additional study in order to obtain the degree Bachelor in Business Administration. During the summer intervening between the second and third years the student must be employed in a busi- ness, under the direction of the School of Commerce. In the last year of the course the student will devote a consider- able share of his time to investigative work in the business which he intends to enter. Normally, an arrangement is effected whereby the student is employed in business for part time during the period of in- vestigation. A thesis embodying the results of his investigation must be presented in partial fulfillment of the requirements for the degree. The subject of this thesis must be filed with the Secretary of the School of Commerce not later than December ist, and the thesis must be presented not later than May 15th. Formal application for the degree must be made before November 1st of the academic year in which the degree is granted. The degree, Bachelor in Business Administration, is not awarded merely as result of pursuing a specified number of courses. Stu- dents are expected to meet the requirements imposed with the professional spirit 'and measure of precision demanded in well-regu- lated business houses. As the course progresses, they should acquire ability to analyze business situations and to apply fundamental prin- ciples to the solution of practical business problems. If after a reason- able time a student's work does not give promise of effectiveness in the business field, he is discouraged from continuing the course. Candidates offering advanced credit from other institutions are required to pursue at least one full year's work under the direction of the School of Commerce faculty. THE PRE-COMMERCE COURSE The Pre-Commerce course is designed to give Commerce stu- dents a broad cultural foundation, to enable them to meet the requirements for the Bachelor of Arts or Bachelor of Science degree upon the completion of two years' work in the School of Commerce, and to prepare the student properly for undertaking the study of the professional business subjects. This course is described on page 14. Modifications from it are to be made only with the approval of the Adviser to Pre-Commerce students, Room 318, Harris Hall. THE SCHOOL OF COMMERCE 13 Students who plan to take the Pre-Commerce course must have a transcript of their high school credits submitted by the high school principal to the Registrar of the College of Liberal Arts, Evanston, Illinois, A blank for the submission of these credits may be obtained on request. ENTRANCE REQUIREMENTS FOR THE PRE-COMMERCE COURSE For admission to the Pre-Commerce course without examination, a certificate of the principal of an accredited high school, or other qualified officer, must be presented, recommending the candidate as competent to pursue college studies to advantage, and showing fifteen units of credit as follows: A. At least three units of English, one unit of Algebra, and one unit of Plane Geometry. B. Foreign languages — Latin, Greek, French, German, Spanish — at least tv/o units of one of these languages. C. Other subjects sufficient to make, with the above, an ag- gregate of fifteen units. These may include any sub- jects commonly appearing as a part of a high school course, provided that no subject is presented for less than a half unit of credit. Vocal music and physical training are not recognized for credit. A condition of not more than one unit may be allowed to a can- didate ranking above the lowest quarter of 'his high school class, but no condition is allowed in the prescribed English, Algebra, Geometry, or Foreign Language. Deficiencies in entrance credit may be made up by examination before admission, at the examinations of the College Entrance Ex- amination Board in June, or at the regular entrance examinations held at this University in September. All entrance deficiencies must be made up before the beginning of the second year of residence. For candidates who do not present from an accredited school cer- tificates covering the entrance requirements described above, the fol- lowing provision is made: Examinations may be taken in the pre- scribed work in English, Algebra, Geometry, and Foreign Languages, and, if these are satisfactory, the candidate will be admitted to col- lege, provided he presents supplementary evidence of preparation equivalent to that furnished by a four-year high school course. 14 NORTHWESTERN U N I V E R S I 1' Y The Schedule of Courses THE PRE-COMMERCE COURSE (Taken in the College of Liberal Arts) First Semester English Mathematics Language Economic History Geology First Semester English Economics I,anguage Science Psychology FRESHMAN YEAR Second Semester English Mathematics Language Economic History Geology SOPHOMORE YEAR Second Semester English Money and Banking Language Science Business Psychology THE COURSES IN COMMERCE (Taken in the School of Commerce) For students who have completed the Pre-Commerce course above described, or its equivalent, in Northwestern University, or w^ho transfer to Northwestern University upon the completion of two years of work in another institution, the following schedules of¥er typical courses which lead to the degree Bachelor of Science, and which also prepare the student for certain fields of business activity. With certain modifications, similar programs may be arranged, lead- ing to the degree Bachelor of Arts. GENERAL BUSINESS Third Year Required Corporation Finance Business Organization I Accounting I Business Law I Marketing and Distribution Electives in Advertising Sales Correspondence Introductory Cost Accounting Labor Transportation Investment Securities Business Organization II Political Science Fourth Year Required Business and Government Statistics and Statistical Methods Seminar^ Electives in Foreign Trade Selling Policies Industrial Relations and Emploj'ment Management Office Management Elements of Public Finance Accounting II Political Science THE SCHOOL OF COMMERCE 15 Third Year Required Corporation Finance Business Organization I Accounting I Accounting II Business Law I Marketing and Distribution Electives in Public Utilities Introductory Cost Accounting Elements of Public Finance Mathematics Investment Securities Political Science ACCOUNTING Fourth Year Required Business and Government Statistics and Statistical Methods Seminar Accounting III Electives in Public Service Corporation Accounting Factory Cost Accounting Business Law Factory Management Business Statistics Special Problems in Corporation Fi- nance Principles of Taxation Political Science Third Year Required Corporation Finance Business Organization I Accounting I Advanced Banking Business Law I Electives in Banking Law Corporation Law Elements of Public Finance Marketing and Distribution Selling Policies Political Science Investment Securities BANKING AND FINANCE Fourth Year Required Business and Government Statistics and Statistical Methods Seminar Accounting II Electives in Principles of Taxation Foreign Trade Accounting III Business Statistics Public Utilities Transportation Special Problems in Corporation Fi- nance Political Science Third Year Required Corporation Finance Business Organization I Accounting I Marketing and Distribution Business Law I Electives in Labor Problems Factory Management Introductory Cost Accounting Office Management Industrial Relations and Employment Management FACTORY MANAGEMENT Fourth Year Required Business and Government Statistics and Statistical Method? Seminar Accounting II Electives in Business Statistics Factory Cost Accounting Engineering Transportation Mathematics SECRETARIAL WORK Third Year Required Corporation Finance Business Organization -I Accounting I Marketing and Distribution Business Law I Electives in English Advertising Business Law Sales Correspondence Language Office Management Investment Securities Political Science Fourth Year Required Business and Government Statistics and Statistical Methods Seminar Electives in Accounting Industrial Relations and Employment Management Selling Policies Foreign Trade Political Science Accounting II 16 NORTHWESTERN UNIVERSITY FOREKJN TRADE Third Yf.ar Required Corporation Finance Business Organization I Accounting I Marketing and Distribution Business Law I Electives in Business Law Foreign Languages Foreign Trade International Law Transportation ['"ouRTH Year Required Business and Government Statistics and Statistical Methods Seminar Electives in Foreign Languages Advanced Banking Selling Policies Advertising Sales Correspondence Cost Accounting Political Science Accounting II TRAFFIC AND TRANSPORTATION Third Year Required Corporation Finance Business Organization I Accounting I Marketing and Distribution Business Law I Electives in Transportation Public Utilities Transportation Law Office Management Sales Correspondence Special Problems in Corporation Fi nance Political Science Fourth Year Required Business and Government Statistics and Statistical Methods Seminar Accounting II Electives in Advanced Transportation Business Statistics Industrial Relations and Employment Management Public Service Corporation Accounting Cost Accounting Political Science EMPLOYMENT MANAGEMENT AND LABOR ADMINISTRATION Third Year Required Corporation Finance Business Organization I Accounting I Marketing and Distribution Business Law I Electives in Factory Management Labor Problems Labor Legislation Introductory Cost Accounting Fourth Year Required Business and Government Statistics and Statistical Methods Serninar Electives in Office Management Industrial Relations and Employment Management Advanced Labor Problems Social Psychology Accounting II PUBLIC AND SOCIAL SERVICE Third Year Required Corporation Finance Business Organization I Accounting I Marketing and Distribution Business Law I Electives in Labor Problems Public Utilities Political Parties Sociology Political Science Elements of Public Finance Industrial and Social Problems Fourth Year Required Business and. Government Statistics and Statistical INIethods Seminar Electives in Labor Legislation Political Science Constitutional Law International Law Industrial Relations and Employment Management Office Management Business Statistics Accounting II THE SCHOOL OF COMMERCE 17 COMMERCIAL TEACHING Third Year Fourth Year Required Required Corporation Finance Business and Government Business Organization I Statistics and Statistical Methods Accounting I Seminar Marketing and Distribution Accounting II Business Law I Electives in Electives in Secondary Education Factory Management English Office Management High School Methods Commercial Education Factory Cost Accounting Educational Psychology History of Education Introductory Cost Accounting Educational Psychology Business Statistics CHAMBER OF COMMERCE ADMINISTRATION Third Year Fourth Year Required Required Corporation Finance Business and Government Business Organization I Statistics and Statistical Methods Accounting I Seminar Marketing and Distribution Electives in Business Law I Industrial Relations and Employment Electives in Management Labor Problems Labor Legislation Transportation Office Management Public Utilities Business Law Principles of Taxation Political Science Municipal Government Accounting II Elements of Public Finance FIFTH (graduate) YEAR, FOLLOWING ANY OF THE ABOVE PROGRAMS The fifth (or graduate) year's work, following any of the above four-year programs, leads to the degree of Bachelor in Business Ad- ministration. It consists of more advanced class work in the par- ticular field of business for which the student wishes to prepare himself, field work, investigational work, and the preparation of a thesis, in accordance with the provisions stated on page 12. Registration REGISTRATION FOR DEGREE COURSES IN BUSINESS Degree students are required to register in person at the office of the School of Commerce in Harris Hall on the Campus in Evanston. Upon registration they must file a transcript of their credits from the College of Liberal Arts of Northwestern University, or the institution from which such credits are presented. Registration days are the first Monday, Tuesday, and Wednesday of the first semester; and the first Friday and Saturday of the second semester. A student not registered at the close of this period is subject to a fee of two dollars for late registration. 18 N O R 1 H W P: S I E R N U N I V E R S 11 Y Tuition bill is given to the student upon registration. This must be presented for payment immediately at the Business Manager's Office, 518 Davis Street, Evanston. REGISTRATION IN PRE-COMMERCE COURSE Every applicant for the Pre-Commerce course is required to register in person at the office of the Registrar of the College of Liberal Arts, in University Hall, Evanston, and to report for assign- ment of subjects and general instruction to the adviser for Pre-Com- merce students, office of the School of Commerce, Harris Hall. GENERAL INFORMATION The Library The University Library in Evanston is open to officers of the University, and to students upon the payment of their regular semester bills. In addition to the University Library, there are avail- able to the students of the School of Commerce the Commerce Library in the Northwestern University Building, Chicago; the Elbert H. Gary Library of Law, housed in the same building; the John Crerar Library, located in the Marshall Field Building, the Public Library of Chicago, and the Newberry Library. The John Crerar Library is very completely equipped with materials for use in business research. Field Work In many of the courses a substantial amount of field work is provided, in addition to the class room instruction. This consists of inspection trips through various manufacturing and merchandising establishments in and around Chicago, and investigational work con- ducted by the student in such plants on special subjects or assign- ments under faculty supervision. In some courses a student will be assigned to conduct such work in some one selected establishment, and in other courses the field work will include study and observa- tions conducted at several plants. The purpose of this field work is to utilize the opportunities of Chicago in such a way as to provide the student with actual laboratory or clinical facilities for the scien- tific study of business, and to supplement the class room instruction with concrete and illustrative material. THE SCHOOL OF COMMERCE 19 The Bureau of Business Research The Bureau of Business Research is an integral part of the School. It has for its purpose the conduct of investigation and research regarding business principles and the securing of data con- cerning business practice. The material thus secured is used for instructional purposes in the classroom, and so far as feasible will also be made available to all who are interested. Employment for Graduates Although the School of Commerce does not promise to secure positions for its graduates, it has organized a Bureau of Employment through which it makes a systematic effort to find positions for stu- dents, who have made a good record in the School. It has proved of large value in aiding students to make satisfactory connection with business firms upon the completion of their study. Residences for Men Thirteen new dormitories, of which nine are fraternity houses and four are so-called College Houses, are now available for men students, and all men are required to live in a dormitory unless for sufficient cause they are given formal permission to live elsewhere. For description of the Buildings, see page 47 of the Annual Catalog. A dining hall or Commons is operated on the top floor of one of the buildings, where good board may be had at reasonable prices. Each student room is for one person and is furnished with a single bed, mattress, pillow, chiffonier, a combined study table and bookcase, chairs, rugs, and window shades. The occupant furnishes his own bedding and towels, but the University takes charge of the laundering of these. In the interest of economy, the cost of electric lighting is not included in the general charge, but is apportioned pro rata, to the occupants of the House. The charge to each student for a single, furnished room, includ- ing care and heat for the school year, is from $100 to $125, except for rooms having a private bath, or a bath reserved for a suite, for which the annual charge is from $135 to $175. A chart can be obtained from the Registrar showing the location of rooms, with cost. 20 NORTHWESTERN UNIVERSITY Room rent is payable In two Installments, one at the beginning of each semester, and Is not returnable. A deposit of $io.oo is required at the time a room is assigned, to be held until the end of the college year to cover possible charges, any unused balance to be returned to the student. Applications and all inquiries in regard to the dormitories should be sent to the Registrar of the College of Liberal Arts, University Hall, Evanston, Illinois. Residences for Women Women students are under the immediate supervision of the Dean of Women. They are required to live in the halls established as w^omen's residences or In the listed approved houses under pfivate management, unless living in their own homes. Permission to live elsewhere is given in exceptional cases only and terminates at the end of the term (or semester) unless renewed. Wherever women, stu- dents reside they are expected to conform to the general regulations governing absence from the house, visitors' hours, social engagements, and the like. Of the women's houses Willard Hall is the longest established and accommodates the largest number. With it Is associated Emily Huntington Miller Hall, In which thirty young women find com- fortable rooms. Prices for room and board In these halls range from $306 to $324 a year, according to the location of the room, payable quarterly in advance. For Information, Inquiries should be sent to the House Director, Willard Hall, Evanston, Illinois. It may be necessary, owing to advance In cost, to Increase these charges for 1919-20. Pearsons Hall, Chapin Hall, and Morse House are under the control of an association of women Incorporated as the Women's Educational Aid Association, which considers the claims of applicants for residence in these halls and has a friendly supervision over them. The lighter housework in these houses is done by the young women, under the direction of a competent matron, and In this way the expenses of living are materially reduced. The charges for room and board are $200 a year, payable semi-annually In advance. For In- formation, Inquiries should be sent to the Corresponding Secretary of the Women's Educational Aid Association, Evanston, Illlnol?, THE SCHOOL OF COMMERCE 21 Business Fellowships Arrangements have been made with the National City Bank of New York to select annually one or more students from a group recommended by the School of Commerce, to spend in that institution a full year consisting of summer vacations and a period imme- diately following graduation. The student will be paid $6o.oo per month by the bank, and will be allowed a maximum sum for travel- ing expenses. Several Chicago firms will employ, during vacations, a selected number of students who have definitely decided to enter the line of business in which the respective firms are engaged. Fellowships Two part-time fellowships are awarded each year. These fellow- ships carry an honorarium of $400 each, and tuition; applications should be filed before April first. Commerce Society The Commerce Society is an organization composed of students interested in commerce who meet specified requirements. This Society meets every two weeks and is addressed by business men. Grades of Scholarship At the end of each semester the standing of each student in each of his courses is reported by the instructor to the secretary and is en- tered of record. Standing is expressed, according to proficiency, in grades A, B, C, D, E, F. Grade A denotes superior scholarship; grade B, good scholarship; grade C, fair scholarship; grade D, poor scholarship; grade E, a condition which may be removed by a second examination ; grade F, a failure removable only by repetition of the subject in the class. Work of grades A, B, and C is counted toward a degree. Work of grade D may also be counted toward a degree, but not more than one- fifth of the w^ork done under the Commerce faculty offered to meet the requirements for graduation may be of this grade and no work of this grade may be counted toward the B.B.A. degree, unless offset by an equal amount of work of grade A in the same semester. 22 NORTHWESTERN UNIVERSITY Students who secure a lower grade than D in any course will be permitted to continue their work for the B.B.A. degree only in very exceptional cases. In such cases, regulations for making up the work in which the deficiency occurs are the same as obtain in the College of Liberal Arts. Work reported "incomplete" at the end of any semester, and not made good by the beginning of the corresponding semester of the fol- lowing year, can thereafter be given credit only by repetition in class. The semester records of students are sent by the secretary to the student's fa'ther or guardian. Fees and Expenses All fees are due and payable in advance and until paid the student's registration is considered provisional. A matriculation fee of five dollars is charged when a student first enters the University. This fee is paid but once and is not return- able. Tuition Fees — Students are required to pay fees for instruction each semester as follows: Regular full tuition $75-00 Graduate students pursuing courses prescribed for the degree of Bachelor in Business Administration are required to pay the tuition of the School of Commerce. Lecture Note Fees — A fee sufficient to cover the cost of prepar- ing and manifolding notes in certain subjects is entered with the tuition bill at the beginning of each semester. This fee, depending on the subject, varies from $i.oo to $5.00 a semester. Late Registration — A fee of two dollars is charged students reg- istering after the first Wednesday in the first semester and after the first Saturday in the second semester. Changes in Registration — A fee of one dollar is charged for any change in registration after the first full week of a semester. Special Examinations — A fee of two dollars is charged for each examination taken at a time other than that provided in the regular schedule. THE SCHOOL OF CO IM MERGE 23 Graduation Fee — A fee of ten dollars is charged persons taking any degree. This fee is payable on the first day of May of the year of graduation. Refunds — No fees for instruction or incidentals will be refunded except in cases of sickness. If on account of his serious illness a student withdraws before the middle of a semester, one-half of his tuition fee will be refunded, providing he secures from the dean a statement of honorable standing, and from a physician a certificate that his health will not permit him to remain in attendance. Appli- cation for a refund must be made before the close of the semester for which the fee was paid. SELF-SUPPORT OF STUDENTS The University does not encourage students to enter school if entirely without resources. Not a few students, however, are able to help themselves materially by their labor, while pursuing studies. The Young Men's Christian Association, Evanston, conducts a bureau of self-help which is of assistance in securing work for a large number desiring it. Inquiries sent to the Secretary of this Association receive careful attention. The Diploma, Evening and Special Courses 26 N O R 1' H W E S T E R N U N I V E R S I T Y The Diploma, Evening and Special Courses In addition to the degree courses described on the preceding pages, the School of Commerce offers afternoon and evening courses in the Northwestern University Building in Chicago. These courses are in- tended primarily for the benefit of those who are employed, and who are therefore unable to give their entire time during the day to college studies. Students may, by pursuing a regular program of these courses, secure the Diploma in Commerce, or they may elect, as special students, to take any of these courses separately. Students in evening courses who have fulfilled the requirements for entrance to the diploma course, and who have completed four full year evening subjects, may register for Commerce courses in Evanston with the permission of the Commerce Committee on Regis- tration, subject to the regulations governing the admission of students to the particular courses concerned. On the recommendation of the Committee on Registration, of the College of Liberal Arts, persons more advanced in years than ordinary college students may be admitted to college as special students, to pursue selected studies. Applicants for such admission must give evidence of ability to carry the proposed work to advantage. Admission REQUIREMENTS FOR ADMISSION Applicants for admission to the evening courses of the School of Commerce must be at least i8 years of age, and those under 2i must have completed a four year course in an approved high school. All applicants must file with the secretary certificates showing the nature and amount of their preliminary education and must submit a properly attested detailed statement, setting forth their business ex- perience. This statement must give evidence of sufficient maturity and training to enable the applicant to pursue the work with profit. Those who have been in attendance in a university, college, or an approved professional or secondary school, within the three years preceding their application, must present a transcript of credit and a letter of honorable dismissal from such school. THE SCHOOL OF COMMERCE 27 QUALIFICATION OF CANDIDATES FOR THE DIPLOMA IN COMMERCE If a student desires to become a candidate for a Diploma in Commerce, he may qualify for such candidacy either by certificate or by examination. I. CANDIDACY BY CERTIFICATE Candidates for the diploma course by certificate must present a certificate from the principal or other qualified officer of an accredited high school, recommending the candidate as competent to pursue college studies to advantage, and showing that he has completed fifteen units of credit approved by the School of Commerce Committee on Entrance Requirements. Definitions of units are the same as those adopted by the North Central Association of Colleges and Secondary Schools. A unit is a course of study covering a daily recitation on a prepared topic, for a full year. Two hours of labora- tory work are counted as the equivalent of one hour of prepared recitation. 2. CANDIDACY BY EXAMINATION A student who desires to become a candidate for the Diploma in Commerce and who does not present a certificate from an accredited school covering the entrance requirements, may make up deficiencies by taking examinations in subjects approved by the Committee on Entrance Requirements, at the regular examinations held by the College Entrance Examination Board in June, or at the regu- lar entrance examination held at this University in September; or by special examination at the University in February. In special cases, men of mature years, with satisfactory business experience, may make up entrance deficiencies by taking additional work in the School of Commerce, upon approval of the Committee on Entrance Requirements. Persons who have completed in a non-accredited high school a full four year course covering subjects approved by the Committee on Entrance Requirements, may qualify for entrance to the diploma course by examination on three or more subjects of the high school course, to be designated by the Committee. Applicants for admission to the diploma course who are required to take examination in high school subjects may present themselves for two or more subjects at any of the regular or special examinations 28 NORTHWESTERN UNIVERSITY stated above, provided that all entrance examinations are completed within two years after the first examination has been taken. All applications for examination must be made on or before May, Sep- tember or January first, preceding the examination. Requirements for the Diploma in Commerce In addition to meeting the entrance requirements, candidates for the diploma must give evidence of satisfactory experience in business for a period of at least one full year. They must complete twelve subjects, requiring normally three evenings a week for four years, and including a full year course each in Accounting, Business Law, Economics, and Finance. In addition, they are required to take English II unless they give evidence by examination of satis- factory proficiency in English. Of the twelve subjects, at least nine must be other than languages. English I and Bookkeeping are not credited toward a diploma. The diploma is awarded only to stu- dents whose major registration is in the afternoon and evening classes in Chicago. A candidate for a diploma, offering advanced credit from other institutions, is required to pursue at least four business subjects throughout a full school year under the direction of the faculty of the School of Commerce. No advanced credit toward the diploma will be allowed except for subjects which fall clearly in the field of business. The Schedule of Courses The following plans of study are recommended for persons who wish to pursue regular evening or Saturday afternoon courses of study in General Business, Accounting, Sales Management and Ad- vertising, Banking and Finance, Factory Management, Employment Management and Labor Administration, Traffic and Transportation, Foreign Trade, Secretarial Work and Public Service. The regular course includes three evenings a week for four years. Note. — Persons who do not wish to take a regular course may register for selected subjects. THE SCHOOL OF COMMERCE 29 GENERAL BUSINESS FiRST^ Year Economics Accounting I English II Third Year Required Principles of Psychology Advertising Corporation Finance Investment Securities Elective. One elective required Accounting II Business Law III, IV, V Factory Management Office Management Introductory Cost Accounting Second Year Business Organization Money and Banking Business Law I and II Fourth Year Required Statistics and Statistical Methods Marketing and Distribution Selling Policies Electize. Tzao electives required Resources and Trade Foreign Trade Foreign Language Industrial Relations and Employment Management ACCOUNTING First Year Required Accounting I Business Law I English II Elective Introductory Cost Accounting Business Law II Third Year Required Accounting III Public Service Corporation, or Factory Cost Accounting Elective Business Organization Marketing and Distribution Statistics and Statistical Methods Business Law V Factory Management Second Year Required Accounting II Business Law III and IV Economics Elective Factory Cost Accounting Fourth Year Required Accounting — Post-Graduate Accounting C. P. A. Review Corporation Finance Investment Securities Elective. One elective required Public Utilities Business Psychology Money and Banking SALES MANAGEMENT AND ADVERTISING First Year Principles of Psychology Advertising English II Economics Third Year Required Marketing and Distribution Selling Policies Accounting I Elective. One elective required Resources and Trade Statistics and Statistical Methods Foreign Trade Second Year Sales Correspondence Business Organization Business Law I and II Fourth Year Required Money and Banking Effective Speaking Elective. One elective require'd Business Law III, IV, V Foreign Language Office Management 30 NORTHWESTERN UNIVERSIIY BANKING AND FINANCE First Year Economics Accounting I English II Third Year Required Corporation Finance Investment Securities Statistics and Statistical Methods Elective. One elective required Business Organization Marketing and Distribution Resources and Trade Foreign Trade Office Management Introductory Cost Accounting Second Year Money and Banking Accounting II Business Law I and IV Fourth Year Required Advanced Banking Elective. Two electives required Seminar in Finance Public Utilities Business Law II and III Principles of Psychology Advertising Advanced Accounting Public Service Corporation Accounting FACTORY MANAGEMENT First Year Required Economics Accounting I English II Introductory Cost Accounting Third Year Factory Management Corporation Finarice Investment Securities Business Law I and II Second Year Accounting II Business Organization Marketing and Distribution Fourth Year Required Industrial Relations and Employment Management Factory Cost Accounting Elective Statistics and Statistical Methods Principles of Psychology Transportation Office Management FOREIGN TRADE First Year Economics Resources and Trade English II Foreign Language Third Year Principles of Psychology Business Law I and 11 Foreign Language Selling Policies Money and Banking Second Year Foreign Language Foreign Trade Accounting I Marketing and Distribution Fourth Year Business Organization Sales Correspondence Foreign Language Transportation Advanced Banking Note. — A fifth year is recommended in the course in Foreign Trade, enable the "student to secure preparation in foreign language. This will EMPLOYMENT MANAGEMENT AND LABOR ADMINISTRATION First Year Economics Accounting I English II Third Year Factory Management Office Management Business Psychology Second Year Business Organization Business Law Principles of Psychology Fourth Year Industrial Relations and Employment Management Cost Accounting Statistics and Statistical Methods THE SCHOOL OF COMMERCE First Year Economics English II Accounting I Third Year Required Public Utilities Public Service Corporation Accounting Business Organization Marketing and Distribution Elective. One-half electize required Sales Correspondence Office Management PUBLIC SERVICE Second Year Corporation Finance Investment Securities Accounting II Business Law I and II Fourth Year Required Statistics and Statistical Methods Elective. Two electives required Industrial Relations and Employment Management Money and Banking Resources and Trade Principles of Psychology SECRETARIAL WORK First Year Economics Accounting I Business Law I and II Third Year Required Business Organization Marketing and Distribution Selling Policies Elective. One and one-half electives quired Money and Banking Foreign Language Statistics and Statistical Methods Second Ye.\r English II Business Law III and Office Management Fourth Year Required Corporation Finance Investment Securities Elective. Two electives Industrial Relations Management Resources and Trade Foreign Language Principles of Psychology IV required and Employment TRAFFIC AND TRANSPORTATION First Year Economics Accounting I English II Third Year Required Public Service Corporation Accounting Corporation Finance Investment Securities Elective. One elective required Statistics and Statistical Methods Business Law III, IV, V Resources and Trade Second Year Transportation Accounting II Business Law^ I and II Fourth Year Required Seminar in Transportation Public Utilities Electize. One-half elective required Business Organization Marketing and Distribution Employment Management industrial Relations Money and Banking Registration Beginning August i, members of the faculty are in the Chicago office of the School to assist students and prospective students in arranging their courses of study. Every applicant for admission is urged to avail himself of this opportunity for a personal interview. Each applicant must fill out and file at the Office an Informa- tion Blank and a Registration Blank accompanied by registration deposit of $5.00 (see p. 32). This deposit is returned if for any reason the registration is not approved. If it is approved, a notice of acceptance is mailed, together with bill covering balance of tuition. 32 N O R 1^ H W E S T E R N UNIVERSITY GENERAL INFORMATION Grades of Scholarship At the end of each semester the standing of a student in each of his courses is reported by the instructor to the secretary and is en- tered of record. Standing is expressed, according to proficiency, in grades A, B, C, D, E, F. Grade A denotes superior scholarship ; grade B, good scholarship ; grade C, fair scholarship; grade D, poor scholarship; grade E, a condition which may be removed by a second examination; grade F, a failure removable only by repetition of the subject in class. Work of grades A, B, and C is counted toward a diploma. Work of grade D may also be counted toward a diploma, but not more than one-sixth of the work offered to meet the requirements for graduation may be of this grade. Work reported as of grade E must be made good at a second examination or must be taken again in the classroom if credit is to be obtained, but work of this grade cannot be raised by examination to a grade higher than D. Work of grade D cannot be raised to a higher grade by examination. Work reported "incomplete" at the end of any semester, and not made good by the beginning of the corresponding semester of the fol- lowing year, can thereafter be given credit only by repetition in the class. At the end of the school year, written report of grades received is mailed to the student, and, if he desires, to his employer or other person whom he may designate. Prizes and Scholarships The Joseph Schaffner Prize A prize of one hundred dollars, the gift of Mr. Joseph Schaffner, is awarded annually to that evening student in the School of Com- merce who upon graduation has made the best record during a mini- mum of two years' work. Only those candidates are considered eligible for the prize who have taken in the evening or late afternoon classes in Chicago, three-fourths of the twelve units required for the diploma. THE SCHOOL OF COMMERCE 33 Alpha Kappa Psi Prize By gift of Gamma Chapter of Alpha Kappa Psi Fraternity an annual scholarship of seventy-five dollars is , awarded for the senior year of the diploma course to that student who, on the completion of his junior year, has shown the best record of scholarship up to that point in his course. Delta Sigma Pi Prize A Gold Medal, gift of Delta Sigma Pi Fraternity, is awarded upon graduation to the Senior of the Diploma Course of the School of Commerce, who in the judgment of the faculty is ranked highest in scholarship, leadership, and promise of future usefulness. Scholarships Four Scholarships of seventy-five dollars each are open to stu- dents in the School.- They will be awarded, if possible, to stu- dents w^ho have been registered in the School on the basis of their previous work and their ability to undertake the amount of work required. Applications must be in before the first of August. Fees and Expenses All fees are due and payable in advance, and until paid the stu- dent's registration is considered provisional. A registration deposit of five dollars is required with the student's registration blank each year and is not refundable. Students are not admitted to classes either semester until at least this amount of the semester's tuition is paid. The balance of the semester's tuition must be adjusted before the second week of the semester. Tuition Fees. For classes having one 2-hour session, or two i-hour sessions, per week : 5 subjects, $100.00; first semester, $55.00; second semester, $45.00 4 subjects, 85.00; first semester, 45.00; second semester, 40.00 3 subjects, 75.00; first semester, 40.00; second semester, 35.00 2 subjects, 60.00; first semester, 32.50; second semester, 27.50 I subject, 45.00; first semester, 25.00; second semester, 20.00 For second semester classes having two 2-hour sessions per week *45.oo Each additional second semester 2-hour subject 7.50 *(i) This rate of $45.00 for a 4-hour course is charged new students registering in the second semester. It may be paid as follows: $25.00 on or by February 9 ; $20.00 on or by April 5. (2) Students who have paid in full the tuition for one or more courses taken through the first semester and who wish to register for a 4-hour course in the second semester of the same year are charged for such course the regular second semester two-subject rate of tuition, $27.50. 34 NORTHWESTERN UNIVERSITY Lecture Note Fees. A fee sufficient to cover the cost of prepar- ing and manifolding notes in certain subjects is entered with the tuition bill at the beginning of each semester. This fee, depending on the subject, varies from $i.oo to $5.00 a semester. Special Examinations. A fee of one dollar is charged for each examination taken at a time other than that provided in the regular schedule. Matriculation and Diploma Fees. A matriculation fee of $5.00 is charged all students who qualify for the diploma. It is payable in their last year, and is not returnable. The diploma fee of $10.00 is payable at the close of the final year, prior to Commencement. Refunds. If on account of serious personal illness a student withdraws from the School before the middle of a semester, one- half of his tuition for that semester will be refunded, provided he secures from a physician a certificate that his health will not permit him to remain in attendance. If a student in the evening classes, regularly employed during the day, is sent out of town permanently by his firm before the middle of the semester, one-half the tuition may be refunded, provided the student presents a written statement from the management. Hours for Consultation and Registration The office of the School of Commerce, in Room 425, North- western University Building, at the corner of Lake and Dearborn Streets, Chicago, is open from 9 a. m. to 5 p. m. ; during the school year, 9 a. m. to 9 p. m., daily; Saturdays from 9 to i. Between September i and November i the office will be. open on Saturday from 9 to 5. Consultation at other hours will be arranged upon request. Address all correspondence to the Secretary, Northwestern University School of Commerce, Lake and Dearborn Streets, Chicago. Description of Courses 36 N O R T H W E S 1^ E R N U N I V E R SHY Accounting Accounting I — Principles — An introduction to Accounting adapted for students having little or no bookkeeping knowledge. Exercises in bookkeeping practice sets are correlated with a study of the funda- mentals underlying the preparation of balance sheets and profit and loss statements of individuals, partnerships and corporations, with emphasis on the structure and significance of the accounts making up these statements. Prerequisite for Accounting II. Given in Evanston. A semester subject repeated in the second semester. Mon- day, Tuesday, Wednesday, Thursday and Friday, lO. Open only to Commerce students, and to others with the consent of the instructor. Credit, five semester-hours. Professor Pelton. Given in Chicago, a year course, 7 to 9, Monday, Sec. A, Tuesday, Sec. B, Wednesday, Sec. C, Friday, Sec. D, Saturday, 2 to 4, Sec. E. Credit, four semes- ter-hours. Professor Pelton, Mr. Hall, Mr. Gilby, Mr. Tinen. Accounting II — Intermediate — A continuation of Accounting I designed to train the student in analyzing business facts by accounting methods. Statement of afiFairs; realization and liquidation accounts; executorship and trustee accounts; statement of application of funds; formation of corporations; capital and revenue expenditures; branch and agency accounting; proration of overhead costs. The balance sheet audit; the relation of the accountant, as auditor, to business; a study of specimen audits; preparation of reports by students. Given in Evanston. A semester subject repeated in the second semester. Monday, Thursday, i to 3. Open only to Commerce students. Credit, four seuiester-hours. Professor Kohler, Professor Pelton. Given in Chicago, a year course, 7 to 9, Monday, Sec. A, Thursday, Sec. B. Credit, four semestei'-hours. Professor Kohler, Mr. Hall. Accounting III — Advanced — Continuation of Accounting II, pri- marily for those expecting to enter the accounting profession. Stu- dents completing Accounting HI and the C. P. A. Review course should be prepared to take the state Certified Public Accountant examination. Special points in connection with the audit of munic- ipalities, institutions, banks, investment and insurance companies, land companies, publishers, mines, public utilities, contractors, etc. Investigations for special purposes; systems; income tax; consolidated balance sheets and income statements. Given in Chicago, a year course, Monday, 7 to 9. Credit, four semestei'-hours. Mr. Bliss. Accounting IV — Postgraduate — A course similar to a seminar conducted for students desiring original research in the accounting 1^ H E SCHOOL OF COM M E R C E 37 field. Students will make individual reports on assignments from the instructor, and will prepare a thesis on a selected topic. To be elected onl_v by permission of Professor Andersen. Given in Chicago, a year course, hours to be arranged. Credit, four to eight semester-hours. Professor Andersen, Professor Himmelblau, Professor Kohler, Pro- fessor Pelton, and Mr. Bliss. Introductory Cost Accounting — This course or its equivalent is required of all students before electing Factory Cost Accounting. Emphasis will be placed on the bookkeeping of cost accounting and on acquiring familiarity with the more common cost forms and their uses. Open to students who have completed the first semester of Accounting I or its equivalent. Given in Chicago, second semester. Hours to be arranged. Credit, tiuo semester-hours. Professor Pelton. Factory Cost Accounting — Accounting incident to the purchase, receipt and issue of raw and finished materials, payrolls, and factory expenses, and the scientific distribution thereof; issuance of shop orders ; perpetual inventories ; productive and non-productive labor ; recording and paying of wages; piece work, profit-sharing and premium or bonus systems; factory overhead expenses; rent and in- terest in costs; system of repair, renewal and construction orders and the allocation of selling, distributing and administrative expenses; the use and value of graphic charts in the final assembly of data and statistics. Open to students who have completed Introductory Cost Accounting or its equivalent. Registration on permission of instructor. Given in Chicago, a year course, Wednesday, 7 to 9. Credit, four semester-hours. Professor Himmelblau. "^Public Service Corporation Accounting — Special points arising in the accounts of electric light, gas, water, telephone and telegraph, electric railways and steam railways, such as plant costs, intangible values, discounts on securities, depreciation, classification of main- tenance and betterment expenditures, systems of internal check, etc* Classification of Accounts prescribed by the Interstate Commerce Commission and various state commissions. Preparation of Balance Sheets and Operating Statements for independent and controlled com- panies; compilation of statistical data and the uses thereof. Special matters to be noted in the regular audit of utility companies; the trust indenture ; certification of amount of bonds which may be taken down thereunder. Points to be noted in investigations for rate cases; methods of determining operating costs to joint utilities, principles underlying the valuation of physical and intangible property, methods *Not given in 1919-1920. 38 NORTH WESl'ERN UNIVERSITY of calculating, "going value", depreciation, working capital, fair value, fair rate of return, and procedure expenses. Special facilities available for research work. Given in Chicago, a year course. Credit four semester-hours. Additional credit may be arranged through seminar. C. P. A. Review — Thorough practice work in class room to pre- pare candidates for Certified Public Accountant examinations. The object is to train students to apply accounting principles and to work in class room under substantially the same conditions as in examination room. Practical accounting problems; auditing and theory of ac- counts; analysis and discussion. The last hour is devoted to an open discussion of the solutions to problems assigned. Instruction is largely individual. Given in Chicago each semester; a twelve weeks' course immediately preceding the C. P. A. examination. Saturday, 2 to 5. No credit. Mr. Bliss. Taxation — This course is intended to present to accountants, lawyers, business executives and others interested in the subject of taxation, detailed knowledge of the requirements of Federal and State tax laws, which will enable them to prepare returns which will be satisfactory to both the Government and taxpayer. The course will call for a more detailed study of the tax laws than is contemplated in the special course which will be given on Federal taxes. It will also embrace a general study of the local tax laws. Given in Chicago, Tuesday, 7 to 9. A semester subject repeated in the second semester. Credit, two semester-hours. Mr. Gilby. Federal Taxes — A series of six lectures on the subject of federal taxes; the accounting and legal phases of the preparation of returns; a review and interpretation of Treasury Department and Court de- cisions. Given in Chicago. Dates to be announced. Professor Andersen. DEGREE OF CERTIFIED PUBLIC ACCOUNTANT By act of the Illinois General Assembly passed May 15, 1903, provision is made for the examination for the degree of Certified Public Accountant which is conferred by the State. Copies of the law and regulations governing the examination may be obtained by addressing Mr. C. M. McConn, Secretary, Committee on Account- ancy, Urbana, Illinois. BUSINESS LAW Business Law I and II — General elementary law; contracts; agency, sales of personal property; negotiable paper; debtor, creditor. THE SCHOOL OF COMMERCE 39 and bankruptcy. Given in Evanston, second semester, Monday, Tues- day, Wednesday, Thursday, 8. Credit, four semester-hours. Open to Commerce students only. Given in Chicago, a year course, Tues- day, 7 to 9, Sec. A, Monday and Friday, 5:50 to 6:50, Sec. B, Satur- day, 1 :30 to 3 130, Sec. C. Credit, four semester-hours. Professor Bays and Mr. Teevan. Business Lau- III — Corporations ; partnerships. Given in Chicago, first semester, Friday, 7 to 9. Credit, two semester-hours. Mr. Teevan. ^Business Lau- IJ' — Trademarks and unfair competition; banks and banking; suretyship. Given in Chicago,. second semester, Thurs- day, 7 to 9. Credit, two semester-hours. Professor Bays. Business Law V — Law of real and personal property, insurance. Given in Chicago, second semester, Friday, 7 to 9. Credit, two semester-hours. Mr. Teevan. COMMERCE AND INDUSTRY Business Organization I (Economics C16) — The organization and management of a business with reference to ownership and oper- ation ; functional, territorial and unit specialization ; co-ordination of men and departments ; the delegation of authority in the establishment of standards, in the handling of daily routine and operation, in main- taining discipline, in emergencies; the relation of responsibility to authority ; the manner in which this relation can be sustained ; control by means of statistics, graphs and charts, reports, supervision and in- spection, line and staff organization ; standardization of material, operations, methods, machinery, product; discipline; merit records; business policies. Given in Evanston, first semester, Monday, Wednes- day, Friday, 8. Credit, three semester-hours. Professor Heilman. Given in Chicago, a year course, Wednesday, 7 to 9. Credit, four semester-hours. Professor Dutton. Marketing and Distribution (Economics Ciy)- — Factors in our distributive system including manufacturer ; general and specialty wholesaler; jobber and sub-jobber; commission merchant; factory agent; broker; department, specialty, general, syndicate stores; general retailer; mail order retailer; retail agent and salesman. Sales, ad- vertising and credit organization and management of the factors in the various schemes of distribution. Given in Evanston, first se- mester, Monday, Wednesday, Friday, 11. Credit, three semester- *Not given in 1919-1920. 40 NOR T II W E S T E R N U N I V E R S KE Y hours. Open to Commerce students only. Given in Chicago, first semester, "Euesday, 7 to g. Credit, two semester-hours. Mr. Lyon. Advertising — A practical course devoted to the study of adver- tising in all its phases, and to the training of advertising men. Based on practical investigations and a study of advertising campaigns that have been conducted during recent years. National display advertis- ing, retail and department store advertising, poster advertising, spe- cialty advertising, electric signs and other advertising methods, will be given careful attention. Students will be required to submit original work. Considerable attention will be given to the psychological prin- ciples underlying successful advertising. Those registered for the course should have had either a course in elementary psychology, or some practical work in the advertising field. Some attention will be given also to the wider economic and social aspects of advertising. Given in Evanston, first semester, Wednesday, 4 to 6. Credit, two semester-hours. Open to Commerce students only. Given in Chi- cago, second semester, Monday, 7 to 9. Credit, two semester-hours. Mr. Picken. Selling Policies — This course will deal with the problems of sales management, selling methods and the elements of sales campaigns. Typical problems are analyzed and the methods of follow-ups are studied. Among topics considered are principles of personal sales- manship, building a sales organization, the duties of a sales manager, the training and selecting of salesmen, devising selling methods, plan- ning of sales campaigns, etc. Given in Evanston, second semester, Monday, Wednesday, Friday, 10. Credit, three semester-hours. Open to Commerce students only. Given in Chicago, second semester, Tuesday, 7 to 9. Credit, two semester-hours. Mr. . Office Organization and Management — A practical study of principles of organization and management as applied to office and counting room functions. The work is principally intended for stu- dents pursuing courses in business administration, accounting and secretarial work, and deals with the duties and problems of office ex- ecutives. Personnel, management; editorial work; human interest; office appliances; correspondence; profit-producing functions of offic;;. Given in Evanston, second semester, Thursday, 4 to 6. Credit, two semester-hours. Given in Chicago, Tuesday, 7 to 9. A semester subject repeated in the second semester. Credit two semester-hours. Mr. Ogilvie. THE SCHOOL OF COMMERCE 41 *Adva?iced Office Management — Training and development of personnel. Use of mechanical appliances for economy and output. Correspondence methods: shorthand and voice-writing, form letters, standard paragraphs, incoming and outgoing mail. Filing systems (correspondence and records) : equipment and supplies, principles, methods, practice. Department records: purchasing and storeroom, sales department, credit and collection departments, receiving and shipping departments. General office practice. Given in Evanston. Credit, two semester-hours. Mr. Ogilvie. Factory Management — Factors affecting location of plant; adap- tation of building to process; types of factory building; routing of work; selection and arrangement of machinery; auxiliary depart- ments. Types of organization and special adaptations of each type; executive control ; methods in the Production, Stores, Purchasing, Shipping, Engineering, Cost, and other departments; progress records; standardization. Handling of labor, w^age systems; time study; selection, discipline, and records; methods of securing the workmen's co-operation. Given in Evanston, first semester, Tuesday, Thurs- day, 8. (With field work.) Open to Commerce students only. Credit, three semester-hours. Given in Chicago, a year course, Tuesday, 7 to 9. Credit, four sejuester-hours. Professor Dutton. FOREIGN TRADE Physiography and Geology — Geology A2 — The origin and sig- nificance of earth features and the relations of such features to human activities; climatic factors, weather forecasting, types of climate, in- fluences of climate on life; earth relations, maps and map reading, longitude and time, land surveys. A study of geologic processes and results w^ith reference to the changing forms of earth features; the relations of geologic history to present geography; the large events of geologic history, and the succession of life on the earth. A year course, first semester repeated during the second semester. Given in Evanston. Hours to be arranged. Professor Haas. Industrial and Cojnmercial Geography — Geology As — A study of the production of, and trade in, commodities as affected by general environmental conditions; the great continental and oceanic trade routes, factors in the distribution of commodities. Throughout the course emphasis is laid on the w^orking out of geographic prin- ciples and on a sympathetic understanding of the trade problems, both of the United States, and of other nations. Open to students who *Not given in 1919-1920. 42 NORTHWESTERN UNIVERSITY have completed Geology Ai or the first semester of Geology A2. A semester subject repeated in the second semester. Given in Evanston. Hours to be arranged. Professor Haas. Resources and Trade — A study of resources and the production of, and trade in, commodities as influenced by environmental condi- tions; emphasis is laid on natural resources, agricultural, forest and mineral, and the industry or product arising from the resource. In each group the more important products will be singled out for detailed study of their occurrence, production and exchange. A study is made of other nations, both as consumers and as producers, but the resources and trade of the United States are studied more in detail and are made the basis of comparisons. Given in Chicago, first semester, Wednesday, 7 to 9. Credit, two semester-hours. Professor Haas. World Commerce — A study of foreign trade as a factor in na- tional development ; the basis of international trade with a study of factors affecting the volume, the character, and the direction of trade ; the great trade routes on land and sea, and the leading commercial nations of today; commercial rivalries, and the part of the United States as a commercial nation of the future. Given in Chicago, second semester, Wednesday, 7 to 9. Credit, two semester-hours. Professor Haas. Geography of North America — Geology B12 — A study of the influence of geographic conditions on the development of North America as a whole; the physical features and climatic conditions modifying life; the character and distribution of each nation's re- sources, their exploitation, and problems of conservation ; the place of each North American nation as a part of the industrial and com- mercial world. Open to students who have completed Geology A5. Given in Evanston, second semester. Hours to be arranged. Geography of South and Central America — Geology Cy — A study of the influences of geographic conditions on the development of the diliferent South and Central American countries; the physical fea- tures, climatic conditions, and general relationships; a study of the geography of each country with special emphasis on present conditions and development as an index of future possibilities. Special emphasis will be placed upon our trade with South and Central American countries. Open to students who have completed Geology B12. Given in Evanston, first semester. Hours to be arranged. Foreign Trade — Significance. Method of investigating whether a foreign market exists for a class of goods, and where it exists. THE SCHOOL OF COMMERCE 43 How a foreign market can be developed: the nature of the article — its uses, possible substitutes, customs, habits, social or economic con- ditions affecting the possible use in a foreign country. Modification of the articles to meet foreign needs or prejudices and to facilitate shipment. Work of consular service. International credits; selling methods in international trade; packing; invoices; the contract; the voyage; the delivery; international exchange. Given in Chicago, a year course, Friday, 7 to 9. Credit ^ four semester-hours. Mr. Doonan. Government — Students preparing for foreign trade are encour- aged to take the course in International Law, and other courses oflFered by the Department of Political Science in the College of Liberal Arts. For description of courses, see Annual Catalog of the University. ECONOMICS Economics A A — ^Economic History of the United States. Inter- nal and foreign commerce; agriculture and manufactures; resources, markets and transportation; currency and banking; labor problems and industrial combinations; regulation of private enterprise. This course is a survey of business and industrial organization in the United States considered in its historical and present-day aspects. Given in Evanston, a year course, Monday, Wednesday, Friday, 9. Required of all Pre-Commerce students. Credit^ six semester-hours. Professor Vanderblue. The Elements of Economics (Econofnics A) — An elementary course in the principles of economics. An examination of the funda- mental principles of economics and the application of these prin- ciples to practical problems. Throughout the course special atten- tion is given to the relation between theory and practice. Required of Sophomores in the Pre-Commerce course. Given in Evanston. A semester subject repeated in the second semester. Monday, Tues- day, Wednesday, Thursday, Friday, sections at 8, 9, 10 and 11. Credit, five semester-hours. Professor Deibler, Professor Secrist, Professor Vanderblue. Given in Chicago, a year course, 7 to 9. Monday, Sec. A, Wednesday, Sec. B, Thursday, Sec. C, Saturday, 2 to 4, Sec. D. Credit, four semester-hours. Professor Deibler, Professor Secrist, Professor Vanderblue, and Professor Lagerquist. Labor Problems and Trade Unionism (Economics C3) — The development of a wage-earning class with special emphasis on economic causes. Problems of woman and child labor. Immigration. Early organizations of labor. Trade union history, structure, methods 44 NORTHWESTERN UNIVERSITY and policies. The trade agreement, strikes, arbitration, the injunc- tion and the legal responsibilities of the union. Open to students who have completed Economics A. Given in Evanston, first semester, Monday, Wednesday, Friday, 8. Credit, three semester-hours. Pro- fessor Deibler. Labor Conditions and Labor Legislation (Economics C4) — Factory conditions in respect to hours, wages, sanitation. Industrial accidents, safety standards and accident prevention. Limitation of hours. Workmen's compensation. Laws regulating the employment of women and children. Unemployment insurance. Minimum wages. Labor bureaus and the administration of labor laws. Open to students who have completed or are taking a course in the B group of courses in the Department of Economics. Given in Evanston, second semester, Monday, Wednesday, Friday, 8. Credit, three se- mester-hours. Professor Deibler. Elements of Public Finance and Taxation (Economics B6) — The nature of the state; theories and classification of public expendi- tures; national, state and local expenditures; budget making in theory and practice. The theory and practice of taxation. Property, income and inheritance taxes. National, state and local tax systems and administration. Open to students who have completed Economics A. Given in Evanston, second semester, Monday, Wednesday, Friday, 9. Credit, three semester-hours. Professor Secrist. ^Principles of Taxation (Economics Cy) — Historical survey of early taxation with respect to tax principles; justice in taxation; theories of taxation ; distribution of taxation ; present tendencies and reform in taxation. Open to students who have completed Economics B6. Given in Evanston, a year course, Monday, Wednesday, Friday, 10. Credit six semester-hours. Professor Secrist. 5oao/o^j;-^Students preparing for secretarial work, public service and social service are advised to elect courses in Sociology, offered by the College of Liberal Arts. For description of courses, see the Annual Catalog of the University. FINANCE Money and Banking (Economics Bi) — An analysis of the prin- ciples of money; forms of currency and coinage; the theory of the value of money; money and prices; changing prices and index num- bers; bimetallism; gold standard; price control and recent monetary reforms. Principles of banking and functions of banks and bank Not given in 1919-1920. THE SCHOOL OF COMMERCE 45 credit; domestic exchange; acceptances and other negotiable instru- ments; foreign exchange and gold movements; state banks and trust companies; the Federal Reserve System and a brief survey of the more important foreign banking systems. Open to students who have completed Economics A. Given in Evanston, second semester, Mon- day, Wednesday, Friday, 8. Credit, three semester-hours. Given in Chicago, a year course, Thursday, 7 to 9. Credit, four semester- hours. Mr. . ^Advanced Banking (Economics Ci) — A comparative study of the salient features of the important commercial banking systems of the world. A review of the operations and the rulings of the Federal Reserve System since its organization. A critical study of such subjects as the important legal features of negotiable instruments, credits, credit anah^sis, money rates, the relation and effect of money systems to banking, bank investments. Foreign Exchange and its development under the Federal Reserve System. Foreign branch banking. A survey of Savings Bank and Trust Company operations and rural credits under the Farm Loan Act. Open to students who have completed Economics Bi. Credit, four semester-hours. Pro- fessor Lagerquist. Corporation Finance (Economics Bj) — The position of corporate organization in modern business; the salient points in its legal or- ganization ; classification of the instruments of finance ; promotion ; underwriting; capitaTization ; earnings; expenses; surplus; manipu- lation ; insolvency ; receivership ; reorganization and state regulation. Open to students who have completed Economics A. Given in Evan- ston, first semester, Monday, Wednesday, Friday, 9. Credit, three semester-hours. Given in Chicago, first semester, Monday, 7 to 9. Credit, tuo semester-hours. Professor Lagerquist. Investment Securities (Economics Cio) — Money markets and their influence on the price of securities. Elements of sound invest- ments and methods of computing net earnings, amortization, rights, and convertibles. Government, municipal, railroad, steamship, street railway, gas, electric, water power, water company, real estate, tim- ber, and irrigation securities as investments. Open to students who have completed Economics B3. Given in Evanston, second semester, Monday, Wednesday, Friday, 9. Credit, three semester-hours. Given in Chicago, second semester, Monday, 7 to 9. Credit, two semestej'-hours. Professor Lagerquist. Special Problems in Corporation Finance and Investment Securi- *Not given in 1919-1920. 46 NORTHWESTERN UNIVERSITY ties (Economics D2) — A critical study is made of selected problems, such as working capital, valuation, surplus, reorganizations, special in- vestment security problems, etc. Each student is required to under- take an individual investigation. Open to Commerce students only. Given in Evanston, first semester. Hours to be arranged. Credit, three to six semester-hours. Professor Lagerqui^t. GOVERNMENT Business and Government (Economics C2) — The relations be- tween the public and public service corporations. The necessity of regulation, various methods of control — the franchise, the indeter- minate permit, public utilities commissions. The development by regulating bodies, and by utilities, of the principles of valua- tion, rate-making, service, and capitalization. Government owner- ship, the significance of the movement, its economic and political as- pects. The relations between government and private businesses. The proper scope of regulation, constitutional and legal aspects of regulation. Regulation of competition. Control of corporations and trusts. Labor legislation. Government promotion and encourage- ment of business, co-operation between government and business, public activities of business organizations, elements of a national policy towards business. Activities of the Federal Trade Commission, the United States Department of Commerce, and other government agencies. Required of Commerce students in their second year. Given in Evanston, second semester, Tuesday, Thursday, Saturday, 9. Credit, three semester-hours. Professor Heilman, Professor Howard, Professor Deibler, Professor Secrist, Professor Lagerquist, and Pro- fessor Vanderblue. Government — Other courses in Government are offered by the Department of Political Science in the College of Liberal Arts. These courses may be elected by Commerce students who can satisfy the prerequisites fixed by the Department. Such courses are espe- cially recommended to students preparing for Foreign Trade, Public and Social Service, Chamber of Commerce Administration, etc. See Annual Catalog of the University. INDUSTRIAL RELATIONS Employment Management — A course designed to meet the de- mand for instruction in the scientific adjustment of the relations of employer and employee. The employment department, its organi- zation and functions, its relations with the management, with fore- men, and with workmen. Labor turnover and absenteeism. Their THE SCHOOL OF COMMERCE 47 significance and costs, methods of determining and reducing. Rate setting, safety and welfare work. Given in Evanston, on sufficient registration. Given in Chicago, Tuesday, 7 to 9, and Thursday, 4 to 6, and 7 to 9. Professor Dutton and Mr. Evans. Personnel and Labor Administration — The selection of employees ; trade and performance tests, mental tests, physical examinations. Training and education of employees. Transfers and promotions. The ■ maintenance of discipline and the development of loyalty, methods of compensation, e. g., day and piece rates, bonus and premium plans, profit sharing, etc. Employees' organizations, trade agreements, etc. Given in Chicago, a year course, Saturday, 2 to 4. Credit^ four semester-hours. Professor Scott, director of the course, in cooperation with Professor Howard and Professor Heilman. Seminar in Personnel Administration — An advanced course in per- sonnel methods and administration, combining classroom instruction with laboratory and field work in the personnel or employment de- partment of selected business establishments. Open to graduate stu- dents and to candidates for the B.B.A. degree in their last year. Given in Evanston. Hours to be arranged. Credit, four to eight semester-hours. Professor Scott. LANGUAGES English I — A review of the fundamental elements of the language, intended to meet the needs of diploma and special students who are not fully prepared for English H. Given in Chicago, a year course, 7 to 9, Wednesday, Sec. A, Thursday, Sec. B, Saturday, 2 to 4, Sec. C. No credit. Professor Smart, Professor Crane. English II — A study of advanced sentence structure, paragraph- ing, and organization of material, supplemented by practice in the writing of themes; training in ease, correctness, and effectiveness of expression. Business correspondence: freshness and naturalness in style; sales letters; follow-up letters; collection letters; adjustment letters. Given in Chicago, a year course, 7 to 9, Tuesday, Sec. A, Wednesday, Sec. B. Credit, four semester-hours. Professor Smart, Professor Myers. English III — Effective Speaking — A study of the theory of effec- tive speaking ; practical, original application of the rules and principles. The class offers an opportunity for practice and failures under kindly, constructive criticism. Open to students who have completed Eng- lish I or its equivalent. Given in Chicago, a year course, Wednesday, 7 to 9. Credit, four semester-hours. Mr. Wright. 48 NORTHWESTERN UNIVERSITY Sales Correspondence — An advanced course in sales correspond- ence methods, based on practical work in the field ; study of results of sales literature as used by leading firms. Principles of sales cor- respondence emphasizing the psychological background of successful correspondence. Problems in correspondence; the writing of letters and circulars; analysis of the writer's work. Given in Chicago, first semester, Thursday, 7 to 9. Credit, two semester-hours. Mr. Picken. Commercial French — A thorough drill in French grammar and composition. The course is intended for those who desire a practical knowledge of modern French for business purposes. Given in Chicago, a year course. Hours to be arranged. Credit, four se- mester-hours. Mr. Warner. Commercial Spanish — A thorough training in pronunciation and conversation. Appropriate stress is laid on the technical vocabulary of trade, and on Spanish forms of commercial correspondence. Thorough drill in grammar and in composition is an important fea- ture of the work. Given in Chicago, a year course, Monday, 7 to 9. Credit, four semester-hours. Mr. Warner. PSYCHOLOGY Principles of Psychology — A brief study of how the mind works. The principal mental operations, such as memory, reasoning, imagi- nation, feelings, instincts, etc., will be explained, in their relation to everyday life. This course is intended to lay the basis for the study of Business Psychology. Required of Pre-Commerce students. Given in Evanston, first semester, Monday, Wednesday, Friday, sections at 9, 10, 1 1 and 2. Credit, three semester-hours. Professor Gault, Professor Webb, Dr. Howard. Given in Chicago, first semester, Friday, 7 to 9. Credit, two semester-hours. Professor Webb. ' Business Psychology (Psychology Bj) — Psj^chological principles which have the most direct application to business. Analysis of busi- ness practices and an attempt to understand from a psychological standpoint some of the causes of successes and failures in business. Individual students study the actual and also the possible applications in business of such factors as imitation, competition, loyalty, love of the game, and personal differences. Particular attention is paid to advertising and to the selection and promotion of employees. Open to students who have completed General Psychology. Required of Pre-Commerce students. Given in Evanston, second semester, Mon- day, Wednesday, Friday, 10. Credit, three semester-hours. Given in Chicago, a year course, Wednesday, 7 to 9. Credit, four semester- hours. Professor Webb. THE SCHOOL OF COMMERCE 49 Psychology — See also Seminar in Personnel Administration, under Industrial Relations. Other courses in Psycholog}', offered b\^ the Department of Psycholog}' in the College of Liberal Arts, may be elected by Commerce students who can satisfy the prerequisites fixed by the Department. See Annual Catalog of the University. STATISTICS Statistics and Statistical Methods (Economics C15) — The course systematically develops the principles of statistical methods and shows by means of illustrations and laboratory problems how they apply in the economic and business world. The course follows both the lecture and laboratory methods. Students are required, under the direction of the instructor, to pass judgment upon statistical data al- ready collected; to collect new data, and to apply to them the stand- ard statistical measures. Emphasis is placed on the care and discrimi- nation which are necessary in order to formulate judgments based on statistical data alone, and on the place of statistics in methods of study. Required of Commerce students in their second j^ear. Open to other students who have completed a course in Economics as ad- vanced as the B group. Given in Evanston, first semester, Monday, Tuesday, Wednesday, Thursday, 9. Credit^ four semester-hours. Given in Chicago, a year course, Thursday, 7 to 9. Credit, four semester-hours. Professor Secrist. Business Statistics (Economics Di) — The application of statistical methods to business and economic problems, such as living costs, em- ployment, sales, production, markets, economic and business fore- casts. Each student is required to undertake a statistical investiga- tion or critique in the particular field in which he is specializing. Open to students w^ho have completed Economics C15. Given in Evanston, second semester, hours to be arranged. Credit, three to six semester-hours. Professor Secrist. TRANSPORTATION The Interstate Commerce Act (Economics Cii) — Development of American transportation systems; the economic characteristics of railroads, competitive and non-competitive rate-making; the Inter- state Commerce Act, as amended ; the causes for the passage of the Act, and the results of its workings; the railroad traffic associations; general characteristics of the rate structure; railroad rates and the problems of plant location and of marketing; milling and fabrication in transit; diversion; routing and tracing; the Administrative and Conference ruling of the Interstate Commerce Commission; the In- 50 NORTHWESTERN UNIVERSITY terstate Commerce Act, and Its interpretation. Given in Evanston, first semester, Monday, Wednesday, Friday, ii. Credit, three se- viester-hours. Given in Chicago, first semester, Friday, 7 to 9. Credit, two semester-hours. Professor Vanderblue. Rate Structure (Economics Ci i) — The place of the Traffic De- partment in the railroad organization; the rules of the Interstate Commerce Commission governing the compilation, filing, and publi- cation of tariffs; the Official, Western, and Southern Classifications^ and the extent of their application ; the interpretation of classifications and of tariffs; Trunk line and Central Freight Association rates; rates into Southeastern Territory and the Carolinas; the Virginia Cities adjustment; Trans-Mississippi and Trans-Missouri rates; Colorado, Utah, and Montana common points; rates to South- w^estern Territory and Texas common points; Transcontinental rates; intra-state and intra-territorial rates; the effect of the Panama Canal on rates and traffic; export and import rates; port differentials and the decisions of the Commission thereon. Given in Evanston, second semester, Monday, Wednesday, Friday, 11. Open to Commerce students only. Credit, three setnester-hours. Given in Chicago^ second semester, Friday, 7 to 9. Credit, two semester-hours. Pro- fessor Vanderblue. SEMINAR AND RESEARCH COURSES Economic Seminar (Economics E) — Involves an original investi- gation, dealing with a phase of a fundamental economic problem related to the probable future business field of the student. Students meet for the discussion of general questions involving the technique of investigation, such as the use of original materials, taking of notes,, marshalling of facts. The individual work is done under the direc- tion of a member or members of the faculty. Intended to give the student training in the use of original data and in drawing correct and accurate conclusions based on all of the facts in a limited field of inquiry. Credit, three to six semester-hours. The normal registra- tion of second year students in Business will be four hours. OTHER COURSES College of Liberal Arts Commerce students are encouraged to elect College work in Eng- lish and other modern languages. History, Mathematics, Political Science, the laboratory sciences, and in any other subjects in which the discipline and knowledge secured will contribute to the efficiency of the student in the line of business for which he is preparing. THE SCHOOL OF COMMERCE 51 The Law School Students are also encouraged to supplement the Law courses offered in the School of Commerce by work in the Law School in all cases where further legal training seems essential to the best prepara- tion for a particular career. This applies particularly to the students preparing for Foreign Trade, for whom a thorough training in Inter- national and Constitutional Law is indispensable. For details concerning courses in the College of Liberal Arts and in other schools of the University consult the Annual Catalog of the University. ATTENDANCE I918-I919 , Students registered in Evanston Courses 163 Students registered in regular Chicago Courses 1,002 Students registered in special Chicago Courses 287 Summer Courses 42 Tax Course 218 Employment Management Course 27 Total 1 ,452 Duplicates deducted 32 Total Individual Students registered in all courses 1,420 THEUBRARYOFTHE JUN9-1937 UNiVERsmr OF Illinois 3 0112 105881996 NORTHWEST- ern University Bulletin is published weekly by Northwest- ern University during the academic year at Chicago, Illinois. En- tered as second class mail matter November 21, 1913, at the post office at Chicago, Illi- nois, under act of Congress of August 24, 1912.